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Smartphone sales leap 9% to 347 mln in strongest Q2 - GfK

2017-07-24 10:35:00| Telecompaper Headlines

(Telecompaper) Worldwide demand for smartphones reached 346.9 million in the second quarter from 333.7 million the year before (+9%), making it the strongest second quarter on record, according to the latest data from GfK. Sales were strongest in Emerging Asia, up 13 percent year-on-year, followed by Central and Eastern Europe with 11 percent, and Latin America with 10 percent. Sales returned to growth in the US, lifted slightly in Africa and were flat in China. They fell in Europe and in Developed Asia.

Tags: sales smartphone strongest leap


Vodacom, Bua Group, Virgin Mobile eye Nigeria's 9mobile - report

2017-07-24 10:28:00| Telecompaper Headlines

(Telecompaper) Bua Group, Virgin Mobile of the UK, Vodacom of South Africa and other investors have expressed an interest in acquiring 9mobile, ThisDay reported.  The Nigerian operator, which recently launched a new logo and brand identity as 9Mobile, is said to be open to new investors willing to invest heavily in such a way that it will have the required amount of money to offset its USD 1.2 billion bank loan. According to the daily, Bua Group, Virgin Mobile and Vodacom, amongst other investors, have indicated their interest in investing in 9Mobile and fully acquiring the telecoms company. 

Tags: group report mobile eye


Maroc Telecom cuts FY revenue forecast after 2.8% fall in H1

2017-07-24 09:15:00| Telecompaper Headlines

(Telecompaper) Maroc Telecom group's adjusted net profit increased by 5.7 percent to MAD 2.92 billion in the first six months to 30 June from MAD 2.77 billion in the same period in 2016, thanks to the sharp increase in the net income of the African subsidiaries' activities. Revenues however declined by 2.8 percent to MAD 17.09 billion, primarily due to the deregulation of IP telephony in Morocco and the decrease in call termination rates. Maroc Telecom said it now expects lower underlying revenues in the full year.

Tags: in fall revenue telecom


Telecom Italia CEO to leave following Vivendi clash - report

2017-07-24 08:08:00| Telecompaper Headlines

(Telecompaper) Telecom Italia (TIM) has announced that its board and remuneration committee is set to meet on 24 July to discuss a "mutual termination" agreement for its current chief executive Flavio Cattaneo. The statement follows a Reuters report in which six unnamed sources said Cattaneo was stepping down after clashing with Vivendi, the French company that controls TIM's board via a 23.9 percent stake. The sources added that Vivendi's chief convergence officer Amos Genish is set to be appointed as the Italian operator's managing director, confirming earlier rumours.

Tags: report leave italia ceo


Digi acquires Invitel for EUR 140 mln

2017-07-24 07:22:00| Telecompaper Headlines

(Telecompaper) Romanian operator Digit, which listed on the capital market in Bucharest in May, has bought Hungarian operator Invitel Tavkozlesi for EUR 140 million. The takeover expands Digi's subscriber base by nearly 0.7 million. The shares were bought from China Central and Eastern Europe Investment.

Tags: eur digi acquires mln


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